Cash-strapped Sri Lanka appeals to expats to send money
COLOMBO, Sri Lanka (AP) — Sri Lanka celebrated its Independence Day on Friday with an appeal by the president toContinue Reading
Category: Business
Facebook loses users for the first time EVER: Shares plummet 20%, wiping $200BN off value of parent-firm Meta
KEY POINTS Shares of Facebook parent Meta plunged Thursday after the company forecasted weaker-than-expected revenue growth in the next quarter.Continue Reading
Sri Lanka gets urgent $500m Indian loan to pay for oil
(AFP)-Sri Lanka was handed temporary relief from energy shortages and rolling blackouts on Wednesday with a $500 million loan fromContinue Reading
UAE to impose federal corporate tax for the first time
DUBAI, United Arab Emirates (AP) — The United Arab Emirates announced Monday it is introducing for the first time aContinue Reading
Officials seize 16 tons of ‘contraband’ beetroot, disguised as potatoes, in Sri Lanka food shortage
Sri Lanka is battling food shortages, but officials have seized a 16-tonne shipment of beetroots for violating a strict importContinue Reading
Used cars turn to gold as Sri Lanka economy skids on the edge
(AFP)-Supermarket shelves are bare and restaurants can’t serve meals, but Sri Lanka’s economic crisis is a bonanza for used carContinue Reading
Crisis-hit Sri Lanka hikes interest rates in bid to tame inflation
(AFP)- Sri Lanka’s central bank hiked interest rates Thursday in a bid to tame rampant inflation and discourage consumer spendingContinue Reading
Sri Lankan born US Billionaire investor Chamath Palihapitiya triggers a backlash on social media after saying ‘nobody cares’ about Uyghur genocide in China
KEY POINTS Billionaire investor Chamath Palihapitiya said during a recent podcast episode that “nobody cares” about the ongoing human rightsContinue Reading
Explainer-Sri Lanka on the edge as debt burden mounts
COLOMBO (Reuters) – Hit hard by the COVID-19 pandemic, Sri Lanka is facing its most serious financial crisis in years,Continue Reading
Plastic waste in an open landfill is killing hungry elephants in Sri Lanka
(AP)- Conservationists and veterinarians are warning that plastic waste in an open landfill in eastern Sri Lanka is killing elephantsContinue Reading
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